Zinc breached the important $US1 mark from 1st July and is today hovering between $1.035 to $1.04 - here's the 30 day chart:
The zinc price is beginning to rocket as inventory levels have continued to shrink and will soon fall below the important 600,000 tonnes level - then sparks will truly fly as the slow zinc price train gathers speed.
Healthy demand worldwide for autos and white goods while supply is shrinking. Perfect cocktail for the biggest junior zinc project in the world with impressive partners, construction and finance MOU as well as encouraging Greenland authorities who want this project to proceed. The multi billion dollar project has an IRR of 32% with zinc at $US0.85 per lb
See the IBG presentation, bottom left on their homepage, http://ironbark.gl
Zinc breached the important $US1 mark from 1st July and is today...
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Last
$2,575.9 |
Change
0.000(0.08%) |
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| Open | High | Low |
| $2,575.9 | $0.00 | $0.00 |